Important Notice for Shareholders of Cardlytics, Inc.:
On March 17, 2025, The Gross Law Firm issued a notice to shareholders of Cardlytics, Inc. (NASDAQ: CDLX) regarding a potential securities class action. The notice invites shareholders who purchased shares of CDLX during the class period of September 30, 2021, and November 18, 2021, to contact the firm regarding the possibility of being appointed as lead plaintiff in the lawsuit.
Background:
Cardlytics, Inc. is a leading provider of marketing technology solutions. The company’s technology enables advertisers to reach consumers through their banking channels. On November 18, 2021, Cardlytics announced its third-quarter financial results, reporting a revenue miss and lowering its full-year revenue guidance. The stock price dropped significantly following the announcement.
The Lawsuit:
The Gross Law Firm alleges that Cardlytics and certain of its executives made false and misleading statements regarding the company’s financial performance and prospects. The complaint asserts that the defendants were aware of the issues that led to the revenue miss and the need to lower guidance but failed to disclose this information to investors.
Impact on Shareholders:
Shareholders who purchased CDLX shares during the class period and suffered losses as a result of the alleged securities fraud may be eligible to recover their damages. If the plaintiffs are successful, they could potentially receive compensation for their losses. The exact amount of damages will depend on the outcome of the lawsuit.
Impact on the World:
The lawsuit against Cardlytics could have far-reaching implications, particularly for the technology and marketing industries. If the allegations are proven true, it could lead to increased scrutiny of other companies in the sector and potentially result in stricter regulations. It could also negatively impact investor confidence in technology and marketing stocks.
Conclusion:
The Gross Law Firm’s notice to shareholders of Cardlytics, Inc. marks the beginning of a potential securities class action lawsuit. Shareholders who purchased CDLX shares during the class period and suffered losses as a result of the alleged securities fraud are encouraged to contact the firm for more information. The outcome of the lawsuit could have significant implications for the technology and marketing industries, as well as for investor confidence in these sectors.
- Shareholders who purchased CDLX shares during the class period and suffered losses may be eligible for compensation.
- The lawsuit could lead to increased scrutiny and potentially stricter regulations for companies in the technology and marketing sectors.
- The outcome of the lawsuit could impact investor confidence in technology and marketing stocks.
